How much money do I need to start a Central Bark franchise?
No two businesses are exactly the same when it comes to size, location, investment, etc., so there’s no quick answer to this question. Rather, we’ll guide you in projecting and anticipating all of your start-up costs. And we’ll do so in our one-on-one consultations. We also cover this in the financial planning section of our training manual.
To give you a general idea and depending on your credit history and availability of funds from an institution, your personal cash availability can range between $150,000 and $200,000. Our current initial investment range is between $547,769 to $929,172. This range includes the one-time $45,000 franchise fee (that is required at the time you sign your Franchise Agreement), buildout, equipment, initial marketing and operating capital. You may be required to put down up to 30% to meet lending institution’s requirements. The following guideline breaks down the ongoing fees after signing your Franchise Agreement:
|Royalty Fees||6% of gross sales|
|Marketing Fund Fee||2% of gross sales|